Surplus Auction

A surplus auction is a way for a company to dispose of items such as equipment, machinery, tools, and computers, which are no longer needed. DoveBid acts as the intermediary between buyers and sellers and makes the platform for a surplus auction a reality in the ever-evolving marketplace. DoveBid offers seven exchanges, which take place on a regular basis throughout the year. All types of items are auctioned off. A surplus auction can not only help a company get rid of items it no longer has a use for, but it is a way of preserving the item for future use for another company. Everybody wins, as the seller makes money and the buyer gets an item or items at a discounted price.

Whether it is computers, office equipment, laboratory equipment or vehicles that you wish to dispense with, DoveBid’s exchanges is the place to conduct a surplusauction. DoveBid has been in the business for 60 years. With the advent of the Internet, this avenue for auctioning opens up new doors. It is an innovative concept that is getting a lot of attention and interest.

DoveBid’s seven exchanges include the BioPharma Exchange, which specializes in pharmaceutical and laboratory equipment, the ITX Exchange, which specializes in office equipment, computers, networking equipment, information technology (IT) and telecommunications, and the MMX Exchange, which deals in manufacturing and machinery equipment. Also included are the Transportation Exchange, which deals in trucks, trailers, commercial vehicles and fleet vehicles, the Electronics Manufacturing Exchange, which buys and sells electronic assembly, semiconductors, as well as test and measurement equipment, and the Mining and Construction Exchange, which deals in mining and construction equipment. Lastly, DoveBid conducts auctions for the FBX Food and Beverage Exchange, which deals in food and beverage processing and production equipment.

A surplus auction of any type, no matter what is being put up for sale helps to bring in capital for used items still in excellent condition. It brings buyers and sellers together who would not normally conduct business with each other. The technology offered by DoveBid allows for these types of exchanges. This is exceptional news for the wholesale surplus markets, as there are many products that are not easy to price at all. A surplus auction helps stabilize such concerns because the competition means that by default, products find their own market price that is fair to all parties.